TOTAL Notifies of N30bn Commercial Paper Programme


Monday, February 01, 2021 / 4:30PM / NSE / Header Image Credit: Independent 

Total Nigeria PLC ("TNPLC" or the "Company") has successfully issued and quoted a N15 billion Series 1 and 2 Commercial Paper issuance (the "Issue") under its $30 Billion Commercial Paper Programme registered with the FMDQ Securities Exchange Limited in December 2020. The Issue was TNPLC's debut issuance in the Nigerian debt capital markets. It attracted significant demand from a wide range of investors, resulting in a 3.9x subscription level and a demonstration of investor confidence in the Company and its management team.

Commenting on the quotation of the Issue, Mr. Imrane Barry, Managing Director of TNPLC, explained that the Programme was set up to enable the Company further broaden its sources of capital by accessing funding from the Nigerian debt capital markets while also reducing its overall funding costs. He thanked investors for Supporting the Company's debut Issue and commended the Financial Advisers, Stanbic IBTC Capital Limited and FBNQuest Merchant Bank Limited for ensuring the success of the Issue despite the challenging environment.

Visit Total Nigeria Plc IR Page in Proshare MARKETS

Graph - One Year Share Price Movement

Proshare Nigeria Pvt. Ltd.


Table:  Q3 2020 Unaudited Results

 Proshare Nigeria Pvt. Ltd.


Related News

1.  TOTAL Declares N2.2bn PAT in Q4 2020 results SP N143.00k ...

2.  TOTAL Declares N500m PAT in Q3 2020 Results SP N112.20k

3.  Total Nigeria Plc Q2 2020 Results Review Bleak Growth Outlook as Competition In...

4.  Total Nigeria Plc Q2 2020 Unaudited Results - COVID-19 Disruptions Weigh on Earnings

5.  TOTAL Declares N537m Loss in Q2 2020 Results, (SP:N97.50k)

6.  TOTAL Notifies of Board Meeting Date and Commencement of Closed Period for Q2 20...

7.   TOTAL Q4 2019 and Q1 2020 Results Review Economic Lockdown Weighs Heavily on EP...

8.   TOTAL Appoints Mrs. Lucile Badaire As Non-Executive Director

9.    TOTAL declares N2.3bn PAT in 2019 Audited results, Proposes N6.71K Final Dividend;(SP:N102.8k)

10.  TOTAL Notifies of Board Meeting Date And Commencement of Closed Period for 2019 ...


Related News